DA Davidson Maintains Buy on Fathom Holdings, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Tom White maintains a Buy rating on Fathom Holdings (NASDAQ:FTHM) but lowers the price target from $4.5 to $3.

May 13, 2024 | 5:01 pm
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DA Davidson's analyst Tom White reaffirmed a Buy rating on Fathom Holdings but reduced the price target from $4.5 to $3, indicating a positive outlook but adjusting expectations.
While the maintenance of a Buy rating suggests continued confidence in Fathom Holdings' fundamentals and potential for growth, the reduction in the price target may reflect adjustments to valuation expectations based on recent performance or market conditions. This could lead to mixed reactions in the short term, as investors weigh the positive endorsement against the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100